CBSE Class-12 Economics: Questions 158 - 163 of 523

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 523 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Question number: 161

Describe in Detail

Explain the meaning of deficit in Balance of payment.

Explanation

The deficit in the Balance of payment is directed by the Balance of transactions in Autonomous items and international economic transactions that are assumed with the sole earning profit. The Balance of product show a deficit if the autonomous receipts are less than the autonomous payments. Autonomous receipts indicate receipt… (26 more words) …